State Bank Financial Corp (NASDAQ:STBZ) – Research analysts at Gabelli raised their FY2020 EPS estimates for State Bank Financial in a note issued to investors on Friday. Gabelli analyst S. Comery now forecasts that the financial services provider will post earnings of $2.60 per share for the year, up from their prior forecast of $2.30. Gabelli currently has a “Buy” rating and a $35.00 target price on the stock. Gabelli also issued estimates for State Bank Financial’s FY2021 earnings at $2.70 EPS and FY2022 earnings at $2.95 EPS.
State Bank Financial (NASDAQ:STBZ) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The firm had revenue of $68.16 million for the quarter, compared to the consensus estimate of $65.00 million. State Bank Financial had a return on equity of 9.29% and a net margin of 18.77%.
State Bank Financial (NASDAQ STBZ) opened at $30.54 on Monday. The stock has a market capitalization of $1,190.82, a price-to-earnings ratio of 25.45, a PEG ratio of 1.24 and a beta of 0.95. State Bank Financial has a 52 week low of $24.16 and a 52 week high of $31.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners lifted its position in State Bank Financial by 5.2% during the third quarter. Boston Partners now owns 540,530 shares of the financial services provider’s stock valued at $15,486,000 after purchasing an additional 26,770 shares in the last quarter. Swiss National Bank lifted its position in State Bank Financial by 7.1% during the second quarter. Swiss National Bank now owns 61,500 shares of the financial services provider’s stock valued at $1,668,000 after purchasing an additional 4,100 shares in the last quarter. Northern Trust Corp lifted its position in State Bank Financial by 5.7% during the second quarter. Northern Trust Corp now owns 585,944 shares of the financial services provider’s stock valued at $15,890,000 after purchasing an additional 31,610 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in State Bank Financial during the third quarter valued at $1,682,000. Finally, Sterling Capital Management LLC purchased a new position in State Bank Financial during the third quarter valued at $1,008,000. Institutional investors own 79.93% of the company’s stock.
About State Bank Financial
State Bank Financial Corporation is a bank holding company for State Bank and Trust Company (the Bank). The Bank is a Georgia-based state-chartered bank. The Company offers community banking services to individuals and businesses. Its product line includes loans to small and medium-sized businesses, residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, and consumer loans.
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